Rising powers from emerging markets—The changing face of international business

Sinkovics, Rudolf R.; Yamin, Mo; Nadvi, Khalid; Zhang-Zhang, Yingying

doi:10.1016/j.ibusrev.2014.04.001

Cited by 55 publications

(53 citation statements)

References 33 publications

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“…Although these large emerging economies (the term we will use in this article) were initially associated with the BRICs (Brazil, Russia, India and China), they now include more than a dozen countries with similar features, including Mexico, Indonesia, Nigeria and Turkey (the "MINT" countries), South Africa and others (Sinkovics et al, 2014b).…”

Section: Changing Gvc Dynamics and The Impacts On Emerging Economies mentioning

confidence: 99%

Global value chains, rising power firms and economic and social upgrading

Lee

Gereffi

2015

Critical Perspectives on International Business

175

117

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Purpose -The purpose of this paper is to introduce the global value chain (GVC) approach to understand the relationship between multinational enterprises (MNEs) and the changing patterns of global trade, investment and production, and its impact on economic and social upgrading. It aims to illuminate how GVCs can advance our understanding about MNEs and rising power (RP) firms and their impact on economic and social upgrading in fragmented and dispersed global production systems. Design/methodology/approach -The paper reviews the GVC literature focusing on two conceptual elements of the GVC approach, governance and upgrading, and highlights three key recent developments in GVCs: concentration, regionalization and synergistic governance. Findings -The paper underscores the complicated role of GVCs in shaping economic and social upgrading for emerging economies, RP firms and developing country firms in general. Rising geographic and organizational concentration in GVCs leads to the uneven distribution of upgrading opportunities in favor of RP firms, and yet economic upgrading may be elusive even for the most established suppliers because of power asymmetry with global buyers. Shifting end markets and the regionalization of value chains can benefit RP firms by presenting alternative markets for upgrading. Yet, without further upgrading, such benefits may be achieved at the expense of social downgrading. Finally, the ineffectiveness of private standards to achieve social upgrading has led to calls for synergistic governance through the cooperation of private, public and social actors, both global and local. Originality/value -The paper illuminates how the GVC approach and its key concepts can contribute to the critical international business and RP firms literature by examining the latest dynamics in GVCs and their impacts on economic and social development in developing countries.

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Section: Changing Gvc Dynamics and The Impacts On Emerging Economies mentioning

confidence: 99%

Global value chains, rising power firms and economic and social upgrading

Lee

Gereffi

2015

Critical Perspectives on International Business

175

117

View full text Add to dashboard Cite

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“…Sustained rates of economic growth (over 10 % a year for 30 years in China), have led to rising levels of income and employment and a rapidly growing domestic market marked by a significant and increasingly discerning middle class (Guarin and Knorringa 2014). Manufacturing and service sector firms from these countries are internationalising, rapidly becoming recognised global brands and corporate multinationals (Fleury and Fleury 2011;Sinkovics et al 2014). These new growth economies have, through their economic dynamism and their global competitiveness, come to shape the contours of the global economy with substantial implications for global governance (Breslin 2007;Cohen 2001;Henderson and Nadvi 2011).…”

Section: Introductionmentioning

confidence: 99%

Rising Power Clusters and the Challenges of Local and Global Standards

Knorringa

Nadvi

2014

J Bus Ethics

Self Cite

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“…In line with the industry-specific evidence in Altenburg et al (2008), our results suggest that the globalized company networks of BIC MNCs positively contribute to the generation of valuable and useful knowledge. In this sense, our paper builds on earlier research on the rising power of emerging market firms Marin and Arza, 2009;Sinkovics et al, 2014) and finds that these actors are beginning to appropriate the property rights of valuable inventions.…”

Section: Discussionmentioning

confidence: 90%

Is Co-Invention Expediting Technological Catch Up? A Study of Collaboration between Emerging Country Firms and EU Inventors

2016

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Firms from emerging countries such as Brazil, India, and China (BIC) are going global, and Europe is attracting around one-third of their direct outward investments. Growing internationalization constitutes an opportunity for technological catch up. In this paper we analyze BIC firms' cross-border inventions with European Union (EU-27) actors, during the period 1990-2012. Our results suggest that cross-border inventions represent an opportunity for BIC firms to accumulate technological capabilities, access frontier knowledge, and appropriate the property rights of co-inventions. This paper contributes to the understanding of the catching up process by emerging country firms, and offers some policy recommendations.

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Rising powers from emerging markets—The changing face of international business

Cited by 55 publications

References 33 publications

Global value chains, rising power firms and economic and social upgrading

Global value chains, rising power firms and economic and social upgrading

Rising Power Clusters and the Challenges of Local and Global Standards

Is Co-Invention Expediting Technological Catch Up? A Study of Collaboration between Emerging Country Firms and EU Inventors

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